Category Archives: Real Estate Trends

Single Family Market – Gallatin County – October 2019 

The number of new single-family listings decreased compared to October of 2018, falling from 138 to 130, a 5.8% decrease. Pending sales decreased 20.5%, going from 132 to 105, and the number of closed sales fell from 171 to 129, a 24.6% decrease. The median sales price increased slightly by 1.9%, from $450,000 to $458,600. The average number of days a home spent on the market dropped by 16.1%, from 62 to 52. The inventory of available homes increased 2.2% compared to last year, rising from 495 to 506, and the months supply of inventory increased 2.6%, from 3.8 to 3.9.  Sellers received 98.2% of their list price in October, a slight increase from 97.1% last year.   read more

Fewer Unrepresented Sellers (FSBO)

Per the NAR’s end of year 2018 Buyers & Sellers Report, FSBO’s are at a record low.

For-Sale-By-Owner sales accounted for 7%  of all sales – the lowest number recorded in this survey’s history. This number has been steadily declining since a high of 15% in 1981, with more and more owners relying on the expertise of an agent to help navigate the complicated process and intricacies of a home sale. read more

Ventura County Homes Sales: 7/30/16 – 8/6/16

11 homes in Ventura sold in the last week.

Average list price was $759,873 with a sold price average of $736,154 which translates into a 97% list price to sales price ratio.

For properties sold below $500,000, the average sale was 98% of asking.

For properties sold vetween $500,000 and $800,000, the average sale was 96% of asking. read more